Quote from: Slaxt on March 20, 2015, 01:36:41 AM

Quote from: notlist3d on March 20, 2015, 01:32:20 AM

Quote from: Slaxt on March 20, 2015, 01:28:34 AM

Quote from: jjacob on March 20, 2015, 12:32:32 AM

Quote from: eurekamazda on March 20, 2015, 12:23:26 AM

(My general approach for BTC is to just buy a few and hold them. If BTC goes global, I'll be happy, if not, and BTC becomes obsolete, no big loss.)

So, let's suppose I chose Electrum, which seems to be one of the easier ones to use.

If I download the wallet to a computer, can I then move the BTCs to an external HDD? Or, do I have to store them only on the computer? It's just that I have a netbook I don't use much with Windows 7 starter and thought I could use that. The question is, what happens if the HDD on the netbook fails, do I lose the BTCs?

Electrum is a great choice. Not only is it easy to use, it is a deterministic wallet.
A seed is initially generated and you can restore your wallet from that. You do not have to worry about your HDD failing.

Is electrum an offline wallet though because i never thought it was, trezor or ledger is the top 2 wallets i would recommend but for what you want i would lean towards the ledger wallet, take a look

Welcome and good luck

I would agree with trezor and ledger being popular for your cold storage.

Just be careful where you keep the recovery words.

I am terrible with mine i send them to emails and certain accounts that i really should not, where would you recommend keeping them which is safe enough for the average user?

I don't have many so i am kind of lax but i would prefer better practices for obvious reasons maybe one day i will have enough to be worth stealing at the moment i don't though Sad

lol

Trezor is extremely expensive and thus is not a viable choice for most Bitcoin holders. Use an opensourced paper wallet generator instead.

To store them properly, print it out or preferably, write it out and store it inside a safe. Don't forget to laminate it and make copies of it and store it at different geographical locations.